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Kia Motors to invest $1.1b in Indian factory

2017-04-28

Kia Motors, South Korea’s second-largest automaker, signed a memorandum of understanding with the Indian government on the construction of its fifth overseas factory in India’s southeastern state of Andhra Pradesh, the company said Thursday.

“Through the construction of a factory in India, Kia Motors will pioneer India’s auto market, which is under the spotlight as the next growth market.